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An Analysis of AngloGold Ashanti Plc (AU)’s Potential Price Growth

AngloGold Ashanti Plc’s recently made public that its Officer Doran Gillian acquired Company’s shares for reported $0.1 million on Dec 03 ’24. In the deal valued at $24.94 per share,4,081 shares were bought.

Then, Ali Lisa bought 3,650 shares, generating $94,718 in total proceeds.

Before that, Marwick Lizelle bought 16,356 shares. AngloGold Ashanti Plc shares valued at $392,708 were divested by the Officer at a price of $24.01 per share.

HSBC Securities downgraded its AngloGold Ashanti Plc [AU] rating to a Reduce from a a Hold in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in early December from “a Sector perform” to “an Outperform”. Scotiabank also remained covering AU and has increased its forecast on November 21, 2024 with a “Sector perform” recommendation from previously “Sector underperform” rating. Investec revised its rating on October 18, 2024. It rated AU as “a Buy” which previously was an “a Hold”.

Price Performance Review of AU

On Friday, AngloGold Ashanti Plc [NYSE:AU] saw its stock jump 7.00% to $44.80. Over the last five days, the stock has gained 11.50%. AngloGold Ashanti Plc shares have risen nearly 94.11% since the year began. Nevertheless, the stocks have risen 90.07% over the past one year. While a 52-week high of $46.90 was reached on 04/16/25, a 52-week low of $22.13 was recorded on 01/06/25. SMA at 50 days reached $37.34, while 200 days put it at $30.19.

Levels Of Support And Resistance For AU Stock

The 24-hour chart illustrates a support level at 43.85, which if violated will result in even more drops to 42.91. On the upside, there is a resistance level at 45.52. A further resistance level may holdings at 46.25. The Relative Strength Index (RSI) on the 14-day chart is 61.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.01%. Stochastics %K at 70.67% indicates the stock is a holding.

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